The nation’s equity market on Friday closed week in a negative note, declining by N106 billion following the profit taking activities embarked by investors during the day. Market capitalisation of listed equities depreciated by 0.33 per cent to N32.126 trillion from N32.232 trillion reported on Thursday. The NGX All Share Index also depreciated by 194.25 basis to 59,000.96 points from Read More
Foreign exchange crisis in the country has pushed down the participation of foreign investors in Nigeria’s stock market to a meagre 16.8 per cent, according to information sourced from the NGX website. As at the time of compiling this report, the exchange rate between the naira and the dollar fluctuated between N444 and N446 to the dollar at the official Read More
Trading activities on the floor of Nigerian Exchange (NGX) yesterday opened the week on a negative note, shedding N30 billion. Market capitalisation of listed equities declined by 0.1 per cent to N28.634 trillion from N28.664 trillion reported the previous day. The NGX All Share Index also depreciated by 87.74 basis points to 53113.64 points from 53201.38 traded on Friday. Investors Read More
The London Stock Exchange (LSE) has celebrated the achievements of Dr ABC Orjiako, the pioneer chairman of Seplat Energy Plc, Nigeria’s leading energy company. Seplat Energy Plc which is listed on both the Nigerian Exchange Limited (NGX) and London Stock Exchange is driving the country’s energy transition towards cleaner, more reliable energy. Orjiako retired last month after 13 years as Read More
The bears yesterday dominated trading activities at the equity market, forcing the Nigerian Exchange (NGX) key market indicators to decline by 0.11 per cent on mixed sentiment amidst buy interests and profit-taking.expriencing in the market. Market capitalisation of listed equities fell by N28 billion. or 0.11 per cent to N25.245 trillion from N25.273 trillion reported on Monday. The NGX All Read More
The financial sector led the pack of quoted companies on the Nigerian Stock Exchange that paid dividends during the first half of 2021, with their CEO earning big despite the economic downturn. Chairman of Zenith Bank Plc, Jim Ovia led the pack with the sum of N1.06 billion as dividends from his direct shareholdings for the period under review As Read More
The Taiwan External Trade Development Council (TAITRA) is set to host its 2021 exhibition in Abuja between September 14 and 16, 2021. This was disclosed in an official statement on their social media accounts on Thursday. The statement reads; “The Taiwan External Trade Development Council (TAITRA) invites you to visit the Taiwan Delegation at the Halal Expo Nigeria from Tuesday Read More
The Nigerian Exchange (NGX) has said that cross-border trading from one African securities exchange to another has come a step closer after the African Securities Exchanges Association (ASEA) signed a contract to procure an order-routing system. The NGX said that seven of Africa’s leading securities Exchanges are working together in the African Exchanges Linkage Project (AELP) to boost pan-African investment Read More
The Nigerian Stock Exchange (NSE) recent report on domestic and foreign portfolio participation in equities trading showed that total equities market transactions decreased in May 2021 compared to the volume of transactions recorded in April 2021 as investors waited on the sidelines given the relative rise in interest rates. The report also showed that sell-offs by the domestic institutional investors Read More
In order to enable Nigeria’s biggest lender by market value, Guaranty Trust Bank (GTB) Plc, consolidate its businesses into a single group, the Nigerian Exchange has halted trading in the shares of Guaranty Trust Bank (GTB) Plc, as the bank moves to transit into a holding company. The transaction is to enable Nigeria’s biggest lender by market value to consolidate Read More
After a period of the equity market lurking around in the woods, the bulls sustained its dominance last week, favoring investors with additional N244.2billion to raise market capitalisation to a high of N20.4 trillion. Domestic Equities Market: Bullish Run Sustained as Investors Hunt for Bargains Last week, the NigerianStock Exchange(NSE) All-Share Index (ASI) rose 1.1per cent week-on-week (w/w) to settle Read More
Financial result of Jaiz Bank Plc for the first quarter ended 31 March 2021 was released to the Nigerian Stock Exchange, the result show that the Bank’s gross revenue increased by 43% over the same period last year, from N4.18 billion to N5.99 billion. Profit before taxation increased significantly by 54% which amounted to N979.17 million as against N636.69 million Read More
The Nigerian equity market bounced back to the green turf last week with its All Share Index (ASI) topping 1.3 per cent. This is as the foreign exchange (forex) saw the naira slump 300 kobo to close at N485 to the dollar. Last week, the Nigeria Stock Exchange (NSE)recorded gains on all trading sessions as investors cherry-picked bellwether stocks on Read More
Trading activities on the floor of Nigeria Stock Exchange yesterday sustained growth profile, appreciating by N88 billion. Market Capitalisation of listed equities increased by 0.43 per cent to N20.418 trillion from N20.330 trillion traded on Monday. The NSE All Share Index also appreciated by 167.56 basis points to 39015.58 points from 38848.02 points reported the previous day. Investors traded 339.023 Read More
The Ondo state government in conjunction with Culturepreneur Clusters Limited and other partners will on June 7 and 8, 2021 hold a stakeholders’ roundtable on the benefits and opportunities of cannabis plant and CBD Oil in Nigeria. In a statement Monday in Abuja by the Senior Special Assistant to Ondo state governor on Agric and Agricultural Business, Mr. Akin Olotu, Read More
The Debt Management Office (DMO) has listed its third Sovereign Sukuk Bond of N162.557 billion, on the floor of the Nigerian Stock Exchange and FMDQ Securities Exchange. The Federal Government sovereign Sukuk due 2027 with 7 year tenor and was issued at a return rate of 11.200 per cent. The Sukuk which at the time of issuance was massively subscribed Read More
Volume of activities on the floor of Nigerian Stock Exchange yesterday declined by 19.67 per cent as investors continued to seat on the fence to watch the pullback and correction being experienced in the market. The NSE trading result for the day showed volume of transactions fell by 43.461 million as Investors traded 177.396 million shares valued at N2.676 billion Read More
Seplat Petroleum Development Company Plc, a leading Nigerian independent energy company, has said it was committed to deploying resources and expertise to create and deliver sustainable value to meet the expectations of its various stakeholders. Its chief executive officer, Mr. Roger Brown, stated this at the Facts Behind the Sustainability Report presentation made to the Nigerian Stock exchange (NSE) through Read More
Transactions on the flour of Nigerian Stock Exchange yesterday returned to bullish trend, appreciating by N167 billion. Market Capitalisation of listed equities increased by 0.78 per cent to N21.456 trillion from N21.289 trillion reported the previous day. The NSE All Share Index also appreciated by 318.29 basis points to 41014.30 points from 40696.01 points traded on Wednesday. Investors exchanged 1.274 Read More
Trading actvuties on the floor of Nigerian Stock Exchange (NSE) yesterday moved further in a downward trend on low traded volume, shedding N426 billion. Specifically, Market Capitalisation of listed equities declined by 1.96 per cent to N21.289 trillion from N21.715 trillion reported in the previous day. The NSE All Share Index also depreciated by 814.15 basis points to 40696.01 point Read More
Bears stormed the Nigerian Stock Exchange (NSE) last week, destroying part of the progress the bulls have made, depleting the market with N363 billion, leaving the market capitalization at N21.8 trillion. Aalysts say, sell-offs dominated trades all week. Investors were waiting in the wings to catch in on little gains made over time to sell at better prices. The result Read More
Profit taking resurfaced on the Nigerian Stock Exchange has continued to impact negatively on equity market as the composite All Share Index closed lower, sheding 314.11 basis points. The NSE All Share Index also depreciated by 0.74 per cent to 42043.79 points from 42357.90 reported on Monday Market Capitalisation of listed equities also declined by N164 billion to N21.993 trillion Read More
The price of equities closed higher on the floor of Nigerian Stock Exchange Thursday as buying pressure increased at the end of the transactions, gaining N125 billion The exchange thereby extended the bull transition for the forth successive sesdion on a high traded volume. Specifically, market capitalisation of listed equities appreciated by 0.57 per cent to N22.059 trillion from N21.934 Read More
Trading acivities on the floor of Nigerian Stock Exchange yesterday remained higher, closing on increased buying interest, appreciating by N181 billion. Specifically, market capitalisation of listed equities increased by 0.83 per cent to N21.934 trillion from N21.753 trillion reported the previous day. The NSE All Share Index also appreciated by 345.79 basis points to 41930.73 points from 41583.94 points. Investors Read More
Trading activities on the floor of Nigerian Stock Exchange (NSE) Tuesday returned to negative trend as the NSE two market indicators declined by 1.8 per cent. Market capitalisation of listed equities depreciated by N393 billion to N21.122 trillion from N21.515 trillion reported the previous day. The NSE All Share Index also depreciated by 751.25 basis points to 40396.14 points from Read More
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